The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-17
GRAIN, PROVISIONS. GROCERIES

M
CHICAGO, III, September 10
The tremendous slide In short ribs
prices was the chief sensation on
Change today. The ribs ave been
Armour's plsything this season. The
idea got abroad In business way that
they were surely going TO $40. Per.
hspa they, are, but the tallers who
have been catching on 10 make for
tunes out Of the deal got . bad shak-
ing out this morning when October
ribs. which had been selling at $3.50,
took drop 10 %. 10 before noon.
Next to ribs wheat was the center
OF interest the first two hours. and
there was really Q good speculative
feeling In the pit. October found lie
way from 6SI the opening. mp TO
79tc, while Decembtr touched 72c.
Shortly before noon there was . reac-
ton, which took prices 10 the closing
points and slightly under yesterdays
closing. Corn, which had opened
weak, but quite steady, began 10 show
an unusual weakness, and futures
dropped suddenly about &c. Thus,
before noon the provision crowd, the
cheat crowd and the corn crowd
each In lis turn, showed considerable
activity and added TO the excitement
\ II the teesion, which was quite In con
trast with the Indifferent quiet Of the
past few days and weeks
Wheat promised well early, but the
90 sslon ended with little change In the
situation or prices. October cod at
6si 0 TO ops o. touched este, alower point
than was reached yesterday, reacted,
and on svsry good feeling advar d
10 cole. About noon October agsin
sold back 10 csc and steadied 10 6VJ
Corn started OF quiet enough at the
opening, but before noon II was max
ing things lively for an anxious crowd
Of traders, and the decline Of the mar.
ket WIS record only 10 that In short
ribs. The Liverpool sdviees were
very Encouraging 10 holdera The
Ostober option opened where II closed
yesterday, Mt &c, and even sold no 10
42ic. Then the Teactlon began. There
we're large q iantiiies Of long cora In
the hands Of lew parties. This wPf
thrown on the market, and az no one
was present to take tho OF eide there
Was q general Weakening. Price fol
October declined quite sharply ic
from 42i, to ilic. After steadyiDJ
for a time II " at 10 Al aud reacted
q lightly, TO Al tc. This IVES followed
by another let down, 10 4llc, aud AT
O'Clock pm. the indicator rested q
4llc, or A. under the bvat prices OF Oh,
morning. The fnal price In the after
noon was ic still lower. May opened
ct the closing point, iblo, cold at 46c
then mp TO 45tc. and declined will
October Just a., to 44ic. The secret o
the sharp decline In corn appeared 4
be the selling by longs, who bad takei
0otobtr In anticipation oil q sigh
tquesss.
Oats ranged iC9ic lower Tor every
thing but Beptember, which did no
change materially. September II
some demand from shorts, and oher
inss light. Long deliveries were In
husnoed by the decline In other ma
keis.
/ Provisions we're decidedly active
especially short rib sdee. The maj
ket for the latter product was IN
settled and demoralissd during th
greater portion OF the day, and huc
tuatlons and prices we're wild an,
frequent. Offerings we're liberal an
early sales we're made al 7iCDl0c d.
cline on yesterdays closing figures
! which was allowed by q further r.
ductlon OF 60s. From this point III
: mar kst rallied l0c, but soon rece1e
lb(A20c. Toward tho close the maj
,, ket was steAdier, and prices advance
l0(1l2ic, and the market closed tamt
Trading chiefly In October delivery
The leading futures rangei 90 10
lows:
Whes,, No. 2-soptember opene
At B7Io, highest Gss, lowest 67to, oloI
ing at 67li; October opened n 6SI'
. highest sole, lowest 6Sic, clsging
0gc November op ned nj 7Otr, higl
! eel 7Oic, lowest 70tc, closing At 7otc
> Dacember opened nj ut, highe
4 72ie, lowest n &c, closing at 7lic.
U5n. No. 2-SspiembeT opered
? ale, highett 42i lowest A. lc, clio
: ing at 4lir; October opened At AZ
I, highest al lowest Alto, cosing
lllei Noyem her op ned At 42c, highe
: 42ic. logsst All, closing At 4ltoi Ms
= opened ut Iblc, highest 4blc, lowe
a AL, closing NJ Az.
= Oats No 2-Sspiember opened
, 2bts Highest 25i !, lowest 25ic, closir
:, Al 2bic October opened 1t 2bte, higl
i est 2bic, lowest % lc, closing Al 2bt
November opened ~ Ioi gu, h'su w'
- 2ble, lowest 2bio, closing at 26ic Nj
. opsnsd Al 90., highest Doc, lowe
me's pork, per bbl-Year opened
!" -, highest fi2 lowest I'll
olos,pg AT fli 06i January opened